DUBLIN--(BUSINESS WIRE)--The "GCC Home Security Systems Market: Industry Trends, Share, Size, Growth, Opportunity And Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The GCC home security system market reached a value of more than US$ 157 Million in 2017
Generally, this type of security system includes door and window sensors, wired or wireless security cameras, a high-decibel siren or alarm, motion sensors, and a control panel. The demand for home security systems has been rising across the GCC region on account of increasing awareness among consumers regarding appropriate security needs.
Over the past few years, the prices for home security products have been decreasing which has made these systems affordable for a larger population group. This is one of the major factors which is catalysing the growth of the market. Additionally, consumers have started adopting new technologies for the purpose of providing better security to their homes.
Along with this, manufacturers have also been coming up with a number of technological innovations which has further contributed to an augmented demand for quality home security systems across the GCC region.
Moreover, there are several other factors which have been proactive towards a rapid growth of the home security system market in the GCC region such as the booming construction industry, rise in DIY home security systems, large young population, etc.
Looking forward, the market value is projected to exceed US$ 473 Million by 2023, exhibiting a CAGR of around 20% during 2018-2023.
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 GCC Home Security Market
6 Market Performance by Region
7 Market Performance by Residence Type
8 Market Performance by Product Type
9 Market Performance by Sensor Type
10 Market Performance by Installation Type
11 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/ktdxz7/gcc_home_security?w=4
